Hiring a Bankruptcy Law Firm: Things To Consider
Using your friend’s go-to lawyer to handle your pending Chapter 11 filing might be tempting. He knows what he does, huh? How much proficiency will it probably take? Well for a reason, a bankruptcy law firm does exist. And it’s not about taking advantage of individuals who don’t know the difference. The truth of the matter is that there are a lot of complexities that go into proper filing, and those nuances might not be well understood by a traditional lawyer. Here are some things to remember if you want to recruit one who does. Bankruptcy Attorney has some nice tips on this.
You might be tempted to look at experience as one of the key considerations when hiring a bankruptcy law firm to handle your case. With this, there is nothing inherently wrong, but it’s a little too broad. As mentioned, without having a lot of experience with the type of case you’re going through, a lawyer may be in practise for several years. An attorney who has a lot of expertise with your particular case is what you want. Now every person is different, but when it comes to your issues and questions, your lawyer should have been around the block a few times and have all the answers you’re looking for.
When looking for a bankruptcy law firm, a good term to bear in mind is “jack of all trades, but master of none.” This is precisely what you do not want. You will want to look elsewhere if you come across a business that advertises that they are managing everything from Chapter 7 filings to traffic violations to personal injury. You don’t want to go to a lawyer’s Wal-Mart, looking for the perfect price. Find an expert. In your area, they will have more expertise and will not be distracted by a dozen other cases in unrelated areas of the law.
As crucial as choosing a bankruptcy law firm with a lot of experience and expertise is, it is also imperative that you choose one that is current on the newest legislation. All sorts of financial laws change quickly and you need an attorney who is up to date with all the changes. There have been major improvements to the Consumer Protection Act over the past five years, making it a little more difficult to file, even for those who have no intention of taking advantage of the scheme. You need an attorney familiar with the amendments to clarify where you stand with the new laws.